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INVEST 2016-12-02T00:20:23+00:00

INVESTMENT OVERVIEW

For 25 years, TriBridge has invested up and down the multifamily risk spectrum from value-add and opportunistic development to core and core-plus.  Historically, the company has focused more on value-add and always had one or two developments under construction or in process.  The company also has significant condo experience, developing or converting over 3,500 units from 1999-2006, before exiting the space in advance of the crash.  Overall, TriBridge’s investment thesis is always to remain one step ahead of the herd of institutional investors by anticipating market trends and remaining nimble and sufficiently liquid to react quickly.

TRACK RECORD

Cumulative Returns 1999-2015: TriBridge vs. Benchmarks

TRIBRIDGE REALIZED IRR – 23.2%

92

BENCHMARK: MULTIFAMILY REITS – 13.1%

52

BENCHMARK: S&P 500 – 5.2%

20%

INVESTMENT CRITERIA

INVESTMENT & FUND MANAGEMENT

TriBridge manages a portfolio of investments across the risk spectrum through joint ventures partners including institutions, high net worth individuals, and family offices.  Since 2012, TriBridge has also sponsored a series of $10-25 million co-investment funds in order to provide accredited investors access to the company’s institutional portfolio.  For all investors, TriBridge creates value by offering the following competitive advantages:

NICHE INVESTORS

Intensive focus on sourcing unique investment opportunities that offer increased risk-adjusted returns due to TriBridge’s ability to navigate complex situations and close difficult transactions.

ENTREPRENEURIAL

Ability to quickly respond to changing market conditions, thus balancing the adaptability of an entrepreneurial firm with the resources of an institutional organization.

VERTICALLY-INTEGRATED

Capacity to acquire, finance, develop, renovate, construct, and manage properties with in-house collaboration between divisions.

CASE STUDIES

DEVELOPMENT:
BLUWATER

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VALUE-ADD:
SAVANNAH AT PARK PLACE

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CORE/CORE PLUS:
INMAN QUARTER

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INVESTMENT ASSOCIATES

LEE WALKER
Managing Partner

Lee Walker is TriBridge’s creative real estate thinker, always identifying innovative structures and solutions that enable the company to capitalize on unique opportunities. His vision and ideas allow the team to overcome obstacles that have thwarted competitors and turn a good investment into a great investment. Lee participates in all aspects of acquisitions, dispositions, structuring, and investment management, and provides strategic vision to maximize value and return on each investment. He has closed over $3 billion in investments for TriBridge, and his frame of reference is always: What is best for our investors?

Prior to joining TriBridge and its affiliates in 1992, Lee worked as an apartment developer at Summit Properties, a mortgage banker at Lomas & Nettleton and Cunrie Company of Texas, and a loan officer at First Texas Savings and Loan.

Lee received a Bachelor of Science in Real Estate and Finance and a Bachelor of Arts in Marketing from the University of South Carolina. He is a member of the National Multi-Housing Council, Urban Land Institute, and Flux Projects.

In his spare time, Lee is an advocate of the arts and actively supports numerous galleries, artists, and non-profits. He helped co-found and serves on the board of the Atlanta Real Estate Collaborative, an industry non-profit to help end homelessness. As a new resident of Midtown moving from the suburbs, Lee has rediscovered the excitement of Intown living and witnessed firsthand urban transformation Atlanta.

STEVE BROOME
Managing Partner

Steve Broome provides the pulse and drive for TriBridge’s acquisition and investment platform.  With expert skills in both investment strategy and tactical execution, he oversees all acquisitions, dispositions, and new development.  Steve has overseen the acquisition and development of over $3 billion for TriBridge and its affiliates in multifamily investments in Georgia, Florida, Tennessee, and the Carolinas.  With a focus on the front end of a transaction, he maintains strong relationships with buyers, sellers, brokers, and principals and works relentlessly to ensure the deal closes.

Prior to joining TriBridge and its affiliates in 1999, Steve started as a Certified Public Accountant in the Atlanta tax practice of Arthur Andersen before moving to Branch & Associates, a real estate investment advisory firm, where his primary focus was working with European and international clients investing in U.S. real estate.

Steve received a Bachelor of Arts in Accounting and Master of Business Administration at the University of West Florida. He and his wife, Scarlet, live in Florida and are active in support of a variety of charities including several children’s causes.

In his spare time, Steve is an avid health and exercise enthusiast, enjoys music and loves to travel, particularly if it involves a coastline and some sunshine.

JIM SCHRODER
Partner, CFO

Jim Schroder is a partner and strategic CFO whose duties cover a broad spectrum of the company’s business to ensure its long-term success and financial sustainability. His primary responsibility is to secure equity capital through direct investments, programmatic joint ventures, and fund vehicles for TriBridge’s investment platform, which closed over $1.6 billion in transactions in the past three years. As a member of the firm’s Investment Committee, he reviews and approves all investments. In addition, Jim oversees all investment management and reporting functions.

Prior to joining the company in 2013, Jim accumulated over 10 years of global experience in real estate private equity, development, and strategy consulting while based in Singapore, Denver, and New York City. Immediately out of college, he co-founded a start-up consulting firm and managed its operations, where he served as project manager for “The Beltline Emerald Necklace Report” at Alex Garvin & Associates. Jim gained international experience in Asia real estate and capital markets based out of Singapore and, separately, obtained significant experience in distressed investing in the US real estate during the last downturn in 2009-2011.

Jim received a Bachelor of Arts in Political Science from Yale University and a Master of Business Administration in Real Estate and Finance from the Wharton School at the University of Pennsylvania. He is a member of ULI Atlanta’s Capital Markets Council and is a member of the Atlanta Beltline SID Steering Committee. Jim holds a strong sense of civic duty and seeks to use his professional experience to advocate workforce housing and improve public education in the City of Atlanta.

In his spare time, Jim is an outdoor enthusiast. He has biked across the US, competes in triathlons, and enjoys traveling with his family and photographing their adventures together. When he is not traveling, you will find him most weekends on Atlanta’s BeltLine with his family.

ANDY GREEN
Vice President of Acquisitions

Andy Green is responsible for the origination of acquisition and development opportunities for TriBridge in Georgia and Tennessee.  As Vice President at TriBridge, Andy has led the acquisition of a number of properties including 1065 Midtown, a luxury high-rise in Midtown Atlanta, and the closing of Inman Quarter, a mixed-use property in the Inman Park neighborhood in Atlanta.

From 2011 through 2013, Andy was a Vice President with responsibilities of acquisitions and asset management for Lubert Adler Real Estate Funds, a Philadelphia-based private equity firm. During his time at Lubert Adler, Andy acquired approximately $750 million of hotels and apartment communities. Prior to joining Lubert Adler, Andy was an investment banker in the real estate group at Friedman, Billings, Ramsey, a Washington D.C. based firm.

Andy received a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill and a Masters in Real Estate with a concentration in Finance from Cornell University. He is also a member of the Urban Land Institute.

In his spare time, Andy enjoys playing golf, working out at his CrossFit gym and has competed in several triathlons.  When he is not in the office, he can usually be found watching a Tar Heels game or spending time with his family in Wrightsville Beach, NC.

YATES DUNAWAY
Vice President of Acquisitions

Yates Dunaway is responsible for sourcing acquisition and development opportunities in North and South Carolina for TriBridge. Yates has originated over $350 million in acquisitions in Charlotte, Raleigh, Durham, Cary, and Greenville, SC since joining TriBridge.

Prior to joining the company, Yates served in acquisitions and asset management for Greenfield Partners, a Connecticut-based real estate opportunity fund manager. His experience includes retail, office, hotel, industrial, for-sale, and land. Prior to Greenfield, Yates was an analyst in Banc of America Securities Real Estate Investment Banking Group.

Yates received a Bachelor of Science in Business Administration from the University of North Carolina at Chapel Hill.

Yates enjoys spending time with his wife, three children, and large extended family. Yates also enjoys watching and attending sporting events and playing golf.

ANNIE ASDAL
Vice President of Investments

Annie Asdal is responsible for overseeing the transaction process at TriBridge – tracking acquisitions under contract through the post-closing transition. She also actively manages select investments, including the condo conversion at 1065 Midtown. While at TriBridge, Annie has been involved with several recapitalizations, redevelopment projects, and various major capital projects throughout the portfolio.

Annie received a Bachelor of Arts in English and Economics from Duke University. Immediately out of college, she worked as a high school Spanish teacher in Memphis, TN through Teach for America. While teaching, she earned her Masters of Education from Christian Brothers University. Subsequently, she moved to Atlanta where she joined the TriBridge team as an acquisitions analyst.

In her spare time, Annie enjoys running marathons, reading, and going to concerts. She listens to folk music and completes the Sunday New York Times crossword puzzle with one eye closed each week.

SHUYI FENG
Investment Manager

Shuyi Feng is an Investment Manager at TriBridge Residential, and is responsible for developing and implementing the owner’s investment strategy to achieve each asset’s income, expense and IRR targets for a select portfolio of multifamily properties, including a condo conversion in midtown, Atlanta. Shuyi leads the preparation, analysis and review of annual business plans and operating and capital budgets, and identify any value creation opportunities. While at TriBridge, Shuyi has been involved with dispositions, recapitalizations, redevelopment projects, and various major capital projects throughout the portfolio.

Shuyi Feng received a Bachelor of Business Administration with concentration in Finance and Real Estate from Emory University. Immediately out of college, she served in the asset management group at Cortland Partners, an Atlanta-based multifamily real estate firm.

In her spare time, Shuyi enjoys travel, art, swimming, spending time outdoors with her friends. She loves watching professional football and basketball games and is an avid supporter of Atlanta Hawks.

INVEST WITH US

For more information on investing with TriBridge, please contact us.

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